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Save Required information [The following information applies to the questions displayed below.) Following are transactions of Danica Company Dec. 13 Accepted a $9,500, 45-day, 88

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Save Required information [The following information applies to the questions displayed below.) Following are transactions of Danica Company Dec. 13 Accepted a $9,500, 45-day, 88 note in granting Miranda Lee a time extension on her past-due account receivable. 31 Prepared an adjusting entry to record the accrued interest on the Lee note. Jan. 27 Received Lee's payment for principal and interest on the note dated December 13. Mar. 3 Accepted a $5,000, 109, 90-day note in granting a time extension on the past-due account receivable of Tomas Company 17 Accepted a $2,000, 30-day, 98 note in granting H.Cheng a time extension on his past-due account receivable. Apr. 16 H. Cheng dishonored his note. May 1 Wrote off the H. Cheng account against the Allowance for Doubtful Accounts. June 1 Received the Tomas payment for principal and interest on the note dated March 3. Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. M Lee Note Tomas Co Note H Cheng Note General Journal Use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Round final answers to nearest whole dollars.) View transaction list by entering your answers in the tabs below. M Lee Note Tomas Co Note H Cheng Note General Journal Complete the table to calculate the interest amounts. (Round "Total interest" answers to Total Through Maturity Amount Accrued at December 31 Interest Recognized January 27 Principal Rate (%) Time 45/360 18/360 27/360 Total interest abs below. M Lee Note Tomrids Co Note H Cheng Note General Journal First, complete the table below to calculate the interest amounts. (Round "Total interest" answers to nearest whole dollars.) Total Through Maturity Principal Rate (%) Time 90/360 Total interest in the tabs below. M Lee Note Tomas Co Note H Cheng Note General Journal First, complete the table below to calculate the interest amounts. (Round "Total interest answers to nearest whole dollars.) Total Through Maturity Principal Rate (%) Time Total interest 130/360 No Date General Journal 1 Debit Jan 27 Cash Credit Interest revenue Interest receivable Notes receivable-M. Lee 2 Mar 03 Notes receivable-Tomas Co Accounts receivable-Tomas Co 3 Mar 17 Notes receivable-H. Cheng Accounts receivable-H. Cheng 4 Apr 16 Accounts receivable-H. Cheng Interest revenue Notes receivable-H. Cheng 5 May 01 Allowance for doubtful accounts Accounts receivable--H. Cheng 6 Jun 01 Cash Interest revenue Notes receivableTomas Co General Journal

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